American Brewing Co., Inc. (OTCBB:ABRW) Stopped In Its Tracks

[[tagnumber 0]][[tagnumber 1]]American Brewing Co., Inc. (OTCBB:ABRW) had a tough end of the past month as it slipped a massive 46.77% and recorded more than 10 times its average trading volume over the course of a single session.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we stated in our previous article, the reason for this was nowhere to be seen and it all seemed rather odd. The company itself issued a press release on October 2 commenting the unusual activity and they too had no idea for its cause, but stated that “[[tagnumber 6]]no officers or directors have sold any shares of common stock in the last 12 months[[tagnumber 7]]”.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Furthermore, the balance sheet of [[tagnumber 12]]ABRW[[tagnumber 13]], while not so good, are still decent considering the current market cap of $6.5 million is way smaller than a lot of the companies in the OTC markets and don’t suggest such big stock price movements.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Here is what [[tagnumber 12]]ABRW [[tagnumber 13]]had to show at the end of the second quarter.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 23]] [[tagnumber 24]]cash: $266 thousand[[tagnumber 25]] [[tagnumber 24]]current assets: $351 thousand[[tagnumber 25]] [[tagnumber 24]]total assets: $1.29 million[[tagnumber 25]] [[tagnumber 24]]current liabilities: $652 thousand[[tagnumber 25]] [[tagnumber 24]]quarterly revenues: $267 thousand[[tagnumber 25]] [[tagnumber 24]]quarterly net loss: $225 thousand[[tagnumber 25]] [[tagnumber 36]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]More recently we have seen some optimistic press releases from [[tagnumber 12]]ABRW[[tagnumber 13]]. On October 8 the company announced that they have been approved for distribution in [[tagnumber 12]]670 private stores[[tagnumber 13]] in [[tagnumber 12]]British Columbia[[tagnumber 13]] and are awaiting approval for a further [[tagnumber 12]]197 government stores[[tagnumber 13]].[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The news were received well with investors as the company began to climb and has registered a single session in the red since then, while slowly regaining its value. On Wednesday the company issued a letter to its shareholders containing information about the progress the company has made since the beginning of the year and future plans.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This brought investor attention as the ticker gapped up to a $0.50 open closed the session with a 19.54% gain at $0.52. The amount of shares was also decent considering the stock’s average and the 431 thousand that changed their owners generated $223 thousand in dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 12]]ABRW’s [[tagnumber 13]]ascent, however, came to a halt yesterday as the company registered absolutely no percentile movements and the volumes were laughable. As always, it is imperative that you do your due diligence and weigh out the risks before making an investment decision.[[tagnumber 2]]